Cayman tops ranking of money hideouts

Cayman is now the top enabler of financial secrecy in the world, according to the findings from the Tax Justice Network's Financial Secrecy Index 2020. In second and third place respectively, were the United States and Switzerland. The Tax Justice Network has called on policymakers to prioritise sanctions against Cayman and the other two countries. This was the first time since 2011 that Switzerland did not take the first place on the ranking. The Tax Justice Network's Financial Secrecy Index ranks jurisdictions by their financial sector transparency and the scale of their offshore fi...